In The Spotlight
We are excited to announce that the October 2016 issue of the CEE Legal Matters magazine is now out and on its way to subscribers around CEE and the world.
PeliFilip has assisted Cable Communications Systems N.V. and RCS & RDS S.A. in relation to the refinancing of their existing loans.
Dentons has advised P3 Logistic Parks on Polish and Romanian aspects of a EUR 1.4 billion pan-European refinancing of its logistics portfolio, with White & Case advising P3 on Czech and Slovakian aspects and Freshfields advising P3 on separate facilities for Western Europe (including Poland). Financing in Poland and Western Europe was provided by Morgan Stanley with Pbb as agent (advised by Allen & Overy), in Romania by Raiffeisen Bank International (advised by CMS), and in the Czech Republic and Slovakia by CSOB, CSOB Slovakia, Komercni Banka, UniCredit Bank, and Ceska Sporitelna (all advised by Clifford Chance).
Paksoy is reporting that it has advised GE Healthcare on its entrance into two Public Private Partnership (PPP) projects with GAMA Holding A.S. and Turkerler Insaat A.S. with the Turkish Ministry of Health: The Izmir Bayrakli Integrated Healthcare Campus Project and the Kocaeli Integrated Healthcare Campus Project. The two projects are collectively valued at approximately USD 1.3 billion. White & Case and its Turkish arm, the Cakmak-Gokce Law Offices, and its former associated partner firm in Ankara, the Cakmak Law Offices, represented the Gama Holding-Turkerler Insaat consortium and Freshfields Bruckhaus Deringer and Herguner Bilgen Ozeke advised the lenders on the Izmir project.
CMS Vienna has advised Styria-based BioEnergy International AG (BDI) on its intended delisting of its free-float shares from the Frankfurt Stock Exchange, which is expected to follow a take-over offer from its majority shareholder, BDI Beteiligungs GmbH. According to CMS, "this is one of the first delisting proceedings after the new German provisions on delisting came into force at the end of 2015."
CMS has advised Andlinger & Company (A&C) on its acquisition of a majority interest in the Slovenian Eti Elektroelement d.d., a leading manufacturer of fuses and modular protection devices, from a sale consortium of 950 Eti shareholders, which also includes the company's employees. The consortium was advised by the Slovenia's Ulcar & Partnerji.
Paksoy, working with international counsel Latham & Watkins, has advised ACCO Brands Corporation on its USD 333 million acquisition of Esselte Group Holdings AB from J.W. Childs. Skadden Arps advised the sellers on the deal.
Colic Law Office – a boutique specialized on corporate/M&A and litigation – has joined Gecic Law, the latter announced today.
Ukraine’s Lavrnovych & Partners has announced the creation and launch of a new Private Clients Practice, to be led by Oleksander Onufrienko, who the firm describes as "one of the most experienced Ukrainian consultants on structuring and private assets management."
Karanovic & Nikolic has announced that it has begun cooperating with Goran Babic, a lawyer qualified in Bosnia & Herzegovina, who joins the firm as a Partner and will be positioned in Banja Luka.
White & Case has announced the promotion of 40 lawyers around the world to its partnership. The promotions, which are effective January 1, 2017, represent 11 of the firm's global practices in 17 locations. Including in those 40 world-wide promotions are Czech Banking lawyer Jan Linda and Polish Disputes specialist Michal Subocz.
Maciej Gawronski, the Founder and former head of Bird & Bird's Polish office, has left the English firm to join Maruta Wachta.
Following a long period of financial and political crisis and subsequent stagnation, Romania is now making strides to secure its economic upturn from the historic lows recorded in its investment market rates over the last five years, inevitably affecting the real estate market in all its aspects.
Law 6698 on the Protection of Personal Data came into force on April 7 2016 and applies to:
- real persons whose personal data is processed; and
- real persons and legal entities that process personal data.
Therefore, defining the actions and main actors involved in the processing of personal data is key to understanding the law's general scope.
The public sector should ensure that dealings with public property are transparent and economically beneficial to the public.
In a groundbreaking judgment (Case C-494/15, Tommy Hilfiger Licensing LLC, et al. v Delta Center a.s.) involving a trademark dispute originating in the Czech Republic, the CJEU has recently clarified that the tenant of a market hall who sublets sales areas to market-traders selling counterfeit branded goods, is an intermediary within the meaning of Art 11 of the Enforcement Directive (2004/48/EC).
The CJEU also ruled that the liability criteria adopted for online marketplace operators such as eBay (See case C-324/09, L’Oreal et al. v eBay) shall be applicable to the same extent to “offline” marketplace operators.
Arbitration has long been the favorite of the ADR family. Mediation, however, has established an increasingly relevant position for itself when it comes to resolving (international) commercial disputes quickly, cost-efficiently, and successfully.
When asked what the buzz is in Russia — what lawyers are talking about at the moment — KIAP Partner Anna Grishchenkova laughs. “Of course lawyers always talk about money,” she says.
On July 25, CEE Legal Matters reported that Rastko Petakovic was appointed Senior Partner at Karanovic & Nikolic (KN), the first non-founding Partner to gain the title.
Milan Lomic is the General Counsel Adria & Balkan at L’Oreal, a company that he joined in October 2012. Prior to that he worked for Metro Cash & Carry as a Legal Advisor and Antitrust Officer. He has also worked as a Legal Advisor at Unicredit Bank Serbia and as an Assistant to the Judge at the Fifth Municipal Court in Belgrade.
On September 22, 2016, CEELM reported that CA Immo had purchased the Millenium Towers office complex in Budapest in what was described as the biggest real estate transaction of this year in Hungary. CA Immo’s Group Head of Legal Affairs Ingo Steinwender agreed to elaborate on the acquisition.